MG261 Business Law II

for F2LL 2012

Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course Description:MG261 Business Law II: A continuation of the study of contract, agency, employment, and negotiable instruments; comparison of social responsibility and legal aspects of selected issues.3:0:3 Prerequisite: MG 260

Educational Philosophy:My educational philosophy is simple. I believe students learn more when there is open discussion. Therefore, I would like each student to come to class prepared to discuss the relevant topics of the class. I will allow students to revise their corrected papers before a final grade is recorded. I realize that many students have hectic lives dealing with jobs and/ or families. As your instructor, I’m willing to do, within reason, whatever it takes to assure you have the opportunity to achieve your goals.

Learning Outcomes:Core Learning Outcomes

Describe the relationship between agent and principal

Distinguish between the rights and liabilities of business owners, whether partners, members or shareholders.

Identify areas where the internet has affected the law as it relates to contracting, employment and intellectual property.

Core Assessment:

All ParkUniversity courses must include a core assessment that measures the course's Core Learning Outcomes. The purpose of this assessment is to determine if expectations have been met concerning mastery of learning outcomes across all instructional modalities.

For this course, the core assessment is a Comprehensive Final Examination to be administered in all sections of MG 261. This exam is worth at least 30 percent of the student's final grade and will test students' mastery of the Core Learning Outcomes (as listed on this syllabus) through definitions, essay, and/or multiple choice questions.

This core assessment is a CLOSED BOOK, CLOSED NOTES comprehensive examination that must be administered and proctored in the classroom and is not to be given as a take-home examination. Students should not have access to the exam or its questions before it is administered. The duration of the exam can be no longer than two hours.

No computers, or materials other than a writing instrument and a calculator without text functions and communication may be used for the exam; this applies to all students, regardless of whether the exam is for on-line or face-to-face students. Completion of the exam is strictly individual; students may not work in groups to complete the exam.

Class Assessment:My goal is to give students prompt, clear, and useful feedback to help them learn about business law. Each student is responsible for:

Completing Weekly Reading Assignments.

Completing Short Paper.

Completing the Quiz.

Completing In-Class Group Assignment.

Completing the Mid-Term Exam.

Completing Comprehensive Core Assessment.

A =

Grading:

Class Participation (150 pts) 15% Continually

Quiz (50 pts) 5% Weeks 2

In-Class Group Assignment (150 pts) 15% Week 3

Mid term (150 pts) 15% Week 4

Short Paper (20 pts) 20% Week 5

Final Examination (300 pts) 30% Week 8

Total 100% (1,000 pts)

90- 100% (or 900 points or higher)

B =80-89% (or 800 to 899 points)

C = 70-79% (or 700 to 799 points)

D = 60-69% (or 600 to 699 points)

F = < 60% (599 or fewer points)

Total possible points: 1,000

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:

You can't take the Final and Midterm Exam late without instructor permission. I rarely give permission to take it late. However, hospitalization or a military deployment during exam week are excellent reasons to take the final late. Taking the final or midterm late could result in a grade of incomplete for the class. IF YOU DO NOT TAKE THE FINAL, YOU FAIL THE COURSE according to Park policy even if you have a D going into the final.

Classroom Rules of Conduct:Students are responsible for reading all assignments from the text, prior to each class. Classroom discussions are a very important part of the educational process and every student will be expected to participate. Classes will be conducted using lectures, group discussions, and case studies. I encourage you to participate in class and provide your opinions and insight. I am available to assist you before and after class, evenings, and on most weekends. Please contact me at the above number, or email me any time you need help. You are expected to attend all classes at the scheduled times. In the event of 3 unexcused absences during a semester, you may be administratively dropped from the class.

Course Topic/Dates/Assignments:

Class/WeekTopicsChapters

1 Personal Property and Bailments 23

Real Property 24

Landlord and Tenants 25

2 Estates and Trusts 26

Insurance Law 27

Intro. to Credit & Secured Trans. 28

Quiz #1 (Ch. 23-25)

3 Security Interests in Personal Property 29

In-Class Group Assignment

Bankruptcy 30

Negotiable Instrument 31

4 Negotiation and HDC 32

Liability of Parties 33

Checks and Electronic Transfers 34

Mid-Term Exam (Ch. 23-31)

5 The Agency Relationship 35

Short Paper Assignment

Third-Party Relations of the

Principal and the Agent 36

Intro. to Forms of Business &

Formation of Partnership 37

6 Operation of Partnerships &

Related Forms 38

Partners' Dissociation &

Partnerships' Dissolution & Winding 39

LLC, LP & LLLP 40

7 History and Nature of Corporations 41

Organization and Financial Structure

of Corporations 42

Management of Corporations 43

8 Final (Ch. 23-43)

Academic Honesty:Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 95-96

Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. from Park University 2011-2012 Undergraduate Catalog Page 95

The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.

Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.

In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".

A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.

Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.

Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Disability Guidelines:Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Rubric

Competency

Exceeds Expectation (3)

Meets Expectation (2)

Does Not Meet Expectation (1)

No Evidence (0)

Synthesis OutcomesDescribe the relationship between agent and principal.

Thoroughly describes the relationship, clearly stating the distinctions between agent and principal.

Describes succinctly and clearly the relation.

Does not clearly describe or distinguish between the two parties.

No response or no pertinent information related to agent-principal relations.

Analysis Outcomes8. Identify areas where the internet has affected the law as it relates to contracting, employment and intellectual property.

Identifies, describes, and provides examples of how law impacts contracting, employment, and intellectual property protection.

Identifies, describes, and provides examples of how law impacts contracting, employment, and intellectual property protection.

Does not clearly identify areas.

No response or no pertinent information related to agent-principal relations.

Evaluation OutcomesIdentify and describe some of the consumer protection laws.Examine the types of business associations.

Identifies and describes many (more than four) consumer protection laws.

States and describes several types of business associations and provides a thorough description of each type.

Identifies and describes at least two areas.

Identifies and discusses two types of business associations.

Does not clearly identify two or more laws.

Does not identify and examine at least two types of business associations.

No response or no pertinent information related to consumer protection laws.

No response or no pertinent information related to business associations.

Terminology OutcomesExamine the types of business associations.Define and give examples of types of intellectual property.

States and describes several types of business associations and provides a thorough description of each type.

Clearly define each type of intellectual property and submit examples.

Identifies and discusses two types of business associations.

Provides a simple, clear definition of two types of intellectual property.

Does not identify and examine at least two types of business associations.

No response or no pertinent information related to business associations.